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$1,599,500
Gold Canyon, AZ 85118
MLS# 5490171
Status: Closed
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Property Description
Great investment! 7% Cap Rate with 5+ years left on NNN lease. Freestanding building consisting of a 4 unit office condo built out into 2 units. The tenant occupies the entire 6,220sq.ft. Unit 101 is 3,110sq.ft. and totally built out with two large open areas, 1 office and 2 restrooms. Unit 102 is 3,110sq.ft. and is also totally built out with 4 offices, conference room, reception area, bullpen, kitchen, storage area and 2 restrooms. 6 covered assigned parking spaces and 150 association parking spaces. Located in much sought after Gold Canyon with frontage and signage on US 60 and Kings Ranch Rd.
Details
Maps
Contract Info
Current Price: $1,492,500
Sold Price: $1,492,500
Status: Closed
List Date: 2016-08-29
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: S46
House Number: 6724
Compass: S
Street Name: Kings Ranch
St Suffix: Road
City/Town Code: Gold Canyon
State/Province: AZ
Zip Code: 85118
Country: USA
County Code: Pinal
Subdivision: Gold Canyon Office Suites
Assessor's Map #: 12
Assessor's Parcel #: 68
Add'l Parcels: No
Assessor Number: 104-12-068
Legal: See Exhibit A
Tax Municipality: Apache Junction
Taxes: 1142
Tax Year: 2015
General Property Description
Ttl Apx SqFt Bldg: 6220
# of Buildings: 1
Year Built: 2007
Uncvrd Parking Spcs: 150
Zoning: TR/CB
Remarks & Misc
Cross Street: US 60 & Kings Ranch Road
Directions: Northeast corner of Hwy 60 & Kings Ranch Rd intersection.
Geo Lat: 33.352803
Geo Lon: -111.456748
Status Change Info
Status Change Date: 2017-01-31
Off Market Date: 2017-01-31
Under Contract Date: 2016-11-02
Close of Escrow Date: 2017-01-30
Sold Price: $1,492,500
Legal Info
Township: 01S
Range: 09E000G0073
Section: 08
Income & Expenses
Owner Association: Yes
Operating Exp: 1142
Gross Annual Sch Inc: 111965
Adjusted Gross Inc: 111965
Pmt & Rate Info
Equity: 1599500
Contact Info
List Agent Pager: 480-703-5093
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Other; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete; Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Alarm System; Private Restrooms
Exterior: Sprinkler Sys-Ground
Fencing: None
Amenities: Conference Room; Reception Room; Kitchen
Parking: Free; Private Parking; Paved Parking
Electric: SRP
Gas: None
Water: Other; See Remarks
Sewer: Sewer - Private
Freeway/Highway: Frontage
Source of Fincl Data: Unknown
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt
Traffic Count: 5,001 to 15,000
Reports/Disclosures: Seller Prop Disc Stm
Use Restrictions: CC&R's
Environmental: Phase I Available
Listing Office: Keller Williams Integrity First
Last Updated: February - 01 - 2017
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